2433 San Pablo Avenue

Property Overview

Fully Occupied 4-Unit Value-Add Opportunity on Berkeley's San Pablo Avenue Corridor! This uniform four-unit multifamily asset features all one-bedroom, one-bathroom apartments at 588 SF each, plus four surface parking spaces a rare and valuable amenity in this walkable Berkeley submarket. 100% occupied with in-place rents currently running 8% below market, the property offers investors dependable in-place income (5.38% cap rate) plus clear upside as rents move toward market levels (6.13% pro forma cap). Individually metered electric and gas keep operating costs predictable, while the property's location along the vibrant San Pablo Avenue corridor steps from local restaurants, cafes, and neighborhood retail supports strong, consistent renter demand. Zoned C-W (West Berkeley Commercial) under the Avenue Commercial General Plan, this well-positioned asset combines a clean, easy-to-manage unit mix with genuine rent growth potential in one of the East Bay's most enduring rental markets. Priced at $1,198,000 ($299,500/unit, $509/SF).

Home Details

Property type: Residential Income - Quadruplex
Year built: 1942
Living area: 2,352 sq ft
Lot size: 5,450 sq ft
Parking: 4 spaces
Stories: 2
Days on market: 0
MLS status: Active
Zoning: C-W

Features & Amenities

Parking

Off Street

Community, Schools & Utilities

Community

Annual property tax: $21,589

Schools

School district: Other

Utilities

Cooling: None
Water: Public
Sewer: PublicSewer

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Location & Neighborhood

Berkeley, CA 94702

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Frequently Asked Questions About 2433 San Pablo Avenue

Property type: Residential Income

The current asking price is $1,198,000. Pricing is subject to change and may vary based on market conditions, negotiations, and property updates. Contact our team to verify current pricing.

Yes. Use the Book Visit action or contact form to request an in-person or virtual tour of 2433 San Pablo Avenue. Our team will confirm availability and timing.

This property offers approximately 2,352 square feet of living space. It was built in 1942. Review the listing details and disclosures, then independently verify material features before making a decision.

The property is in Berkeley, California. Review the map, visit at relevant times of day, and verify schools, commute routes, services, noise, hazards, and local rules for the exact address.

Financing depends on the buyer, lender, property type, condition, appraisal, insurance, and association documents. A qualified lender can confirm available programs and costs for this Berkeley property.

The MLS currently reports the property as Active. It has been listed for 0 days. Status can change, so verify availability before relying on it.

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